Common use of Maximum Contribution Clause in Contracts

Maximum Contribution. The total amount you may contribute to a ▇▇▇▇ ▇▇▇ for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 and 2018, with possible cost-of-living adjustments thereafter. If you also maintain a Traditional IRA (i.e., an IRA subject to the limits of Internal Revenue Code (Code) sections 408(a) or 408(b)), the maximum contribution to your ▇▇▇▇ IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your ▇▇▇▇ ▇▇▇ contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 (for 2017) or $189,000 (for 2018) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 (for 2017) or $120,000 (for 2018) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 (for 2017) or $199,000 (for 2018) may not fund a ▇▇▇▇ ▇▇▇. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a ▇▇▇▇ ▇▇▇. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum ▇▇▇▇ ▇▇▇ contribution is determined as follows: 1. Begin with the appropriate MAGI phase- out maximum for the applicable year and subtract your MAGI from it;

Maximum Contribution. The total amount you may contribute to a ▇▇▇▇ ▇▇▇ for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 6,000 for 2017 2019 and 20182020, with possible cost-of-living adjustments each year thereafter. If you also maintain a Traditional IRA (i.e., an IRA subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your ▇▇▇▇ IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs and Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your ▇▇▇▇ ▇▇▇ contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 193,000 (for 20172019) or $189,000 196,000 (for 20182020) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 122,000 (for 20172019) or $120,000 124,000 (for 20182020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 203,000 (for 20172019) or $199,000 206,000 (for 20182020) may not fund a ▇▇▇▇ ▇▇▇. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) may not fund a ▇▇▇▇ ▇▇▇. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a ▇▇▇▇ ▇▇▇. The MAGI limits described above are subject to cost-cost- of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum ▇▇▇▇ ▇▇▇ contribution is determined as follows:2020. (1. ) Begin with the appropriate MAGI phase- phase-out maximum for the applicable year and subtract your MAGI from it;MAGI; (2) divide this total by the difference between the phase-out range maximum and minimum; and

Maximum Contribution. The total amount you may contribute to a ▇▇▇▇ ▇▇▇ for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 6,000 for 2017 2019 and 20182020, with possible cost-of-living adjustments each year thereafter. If you also maintain a Traditional IRA ▇▇▇ (i.e., an IRA ▇▇▇ subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your ▇▇▇▇ IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs and Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your ▇▇▇▇ ▇▇▇ contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 193,000 (for 20172019) or $189,000 196,000 (for 20182020) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 122,000 (for 20172019) or $120,000 124,000 (for 20182020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 203,000 (for 20172019) or $199,000 206,000 (for 20182020) may not fund a ▇▇▇▇ ▇▇▇. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) may not fund a ▇▇▇▇ ▇▇▇. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a ▇▇▇▇ ▇▇▇. The MAGI limits described above are subject to cost-cost- of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum ▇▇▇▇ ▇▇▇ contribution is determined as follows:2020. (1. ) Begin with the appropriate MAGI phase- phase-out maximum for the applicable year and subtract your MAGI from it;MAGI; (2) divide this total by the difference between the phase-out range maximum and minimum; and

Maximum Contribution. The total amount you may contribute to a ▇▇▇▇ ▇▇▇ for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 2014 and 20182015, with possible cost-of-living cost‐of‐living adjustments each year thereafter. If you also maintain a Traditional IRA ▇▇▇ (i.e., an IRA ▇▇▇ subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your ▇▇▇▇ IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs and Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your ▇▇▇▇ ▇▇▇ contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 181,000 (for 20172014) or $189,000 183,000 (for 20182015) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 114,000 (for 20172014) or $120,000 116,000 (for 20182015) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 191,000 (for 20172014) or $199,000 193,000 (for 20182015) may not fund a ▇▇▇▇ ▇▇▇. Single individuals with MAGI equaling or exceeding $129,000 (for 2014) or $131,000 (for 2015) may not fund a ▇▇▇▇ ▇▇▇. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a ▇▇▇▇ ▇▇▇. The MAGI limits described above are subject to cost-of-living cost‐of‐living increases for tax years beginning after 2018. If 2015. (1) Begin with the appropriate MAGI phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up contributions if you are married filing a joint income tax return and your age 50 or older. For example, if you are age 30 with MAGI is between the applicable MAGI phase-out range for the yearof $188,000, your maximum ▇▇▇▇ ▇▇▇ contribution for 2015 is determined as follows:$2,750 ([$193,000 minus $188,000] divided by $10,000 and multiplied by $5,500). (1. ) Begin with the appropriate MAGI phase- out phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up contributions if you are age 50 or older. For example, if you are age 30 with MAGI from it;of $119,000, your maximum ▇▇▇▇ ▇▇▇ contribution for 2015 is $4,400 ([$131,000 minus $119,000] divided by $15,000 and multiplied by $5,500).

Maximum Contribution. The total amount you may contribute to a ▇▇▇▇ ▇▇▇ for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 2015 and 20182016, with possible cost-cost- of-living adjustments each year thereafter. If you also maintain a Traditional IRA ▇▇▇ (i.e., an IRA ▇▇▇ subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your ▇▇▇▇ IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs and Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your ▇▇▇▇ ▇▇▇ contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 183,000 (for 20172015) or $189,000 184,000 (for 20182016) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 116,000 (for 20172015) or $120,000 117,000 (for 20182016) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 193,000 (for 20172015) or $199,000 194,000 (for 20182016) may not fund a ▇▇▇▇ ▇▇▇. Single individuals with MAGI equaling or exceeding $131,000 (for 2015) or $132,000 (for 2016) may not fund a ▇▇▇▇ ▇▇▇. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a ▇▇▇▇ ▇▇▇. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum ▇▇▇▇ ▇▇▇ contribution is determined as follows:2016. (1. ) Begin with the appropriate MAGI phase- phase-out maximum for the applicable year and subtract your MAGI from it;MAGI; (2) divide this total by the difference between the phase-out range maximum and minimum; and

Maximum Contribution. The total amount you may contribute to a ▇▇▇▇ ▇▇▇ for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 and 2018, with possible cost-of-living adjustments thereafter. If you also maintain a Traditional IRA ▇▇▇ (i.e., an IRA ▇▇▇ subject to the limits of Internal Revenue Code (Code) sections 408(a) or 408(b)), the maximum contribution to your ▇▇▇▇ IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your ▇▇▇▇ ▇▇▇ contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 (for 2017) or $189,000 (for 2018) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 (for 2017) or $120,000 (for 2018) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 (for 2017) or $199,000 (for 2018) may not fund a ▇▇▇▇ ▇▇▇. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a ▇▇▇▇ ▇▇▇. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum ▇▇▇▇ ▇▇▇ contribution is determined as follows: 1. Begin with the appropriate MAGI phase- out maximum for the applicable year and subtract your MAGI from it;

Maximum Contribution. The total amount you may contribute to a ▇▇▇▇ ▇▇▇ for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 7,000 (for 2017 2024 and 20182025), with possible cost-of-living adjustments each year thereafter. If you also maintain a Traditional IRA (i.e., an IRA subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your ▇▇▇▇ IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs and Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your ▇▇▇▇ ▇▇▇ contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 230,000 (for 20172024) or $189,000 236,000 (for 20182025) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 146,000 (for 20172024) or $120,000 150,000 (for 20182025) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 240,000 (for 20172024) or $199,000 246,000 (for 20182025) may not fund a ▇▇▇▇ ▇▇▇. Single individuals with MAGI equaling or exceeding $161,000 (for 2024) or $165,000 (for 2025) may not fund a ▇▇▇▇ ▇▇▇. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a ▇▇▇▇ ▇▇▇. The MAGI limits described above are subject to cost-cost- of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum ▇▇▇▇ ▇▇▇ contribution is determined as follows:2025. (1. ) Begin with the appropriate MAGI phase- phase-out maximum for the applicable year and subtract your MAGI from it;MAGI; (2) divide this total by the difference between the phase-out range maximum and minimum; and